TOKYO (Reuters), – Saturday’s denial by a Japanese Finance Ministry official denied a reported that Japan and America discussed coordinated currency intervention in order to prevent further yen falls during a meeting between finance leaders.

TBS reported Friday that Shunichi Suzuki (Finance Minister) and Janet Yellen (US Treasury Secretary), discussed the possibility of joint currency intervention in order to prevent yen drops during their meeting, which took place on Friday at the International Monetary Fund gatherings.

The official claimed that this report was false and said so to Reuters under anonymity, due to the sensitive nature the matter.

Dollar traded at 128.55 Japanese yen. It hovered near its lowest level since April 2002, at 129.43 Yuan per dollar on Wednesday.